Bear Stearns Cuts 310 Mortgage Jobs, to Merge Units (Update4) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Bear Stearns Cos., the second-biggest underwriter of U.S. mortgage-backed securities, is cutting 310 jobs from units that originate mortgages after the firm reported the biggest profit decline in more than a decade.

Virginia Commerce Bancorp, Inc. Announces Earnings Call (Business Wire via Yahoo! Finance)
ARLINGTON, Va.----Virginia Commerce Bancorp, Inc. , today announced it will host a teleconference call for the financial community on October 17, 2007, at 2:00 p.m. Eastern Daylight Time to discuss its third quarter 2007 financial results which will be released that morning.

Number of minority home buyers down in 2006 (Market Watch)
CHICAGO (MarketWatch) -- The total number of minority home buyers who took out a mortgage dropped 7.1% in 2006, led by a 21.5% decrease in the number of Asian-American buyers. But the number of African-American home buyers actually rose slightly last year, reflecting a 0.6% increase over 2005, according to a study released on Thursday.

Goldman Sachs May Buy Subprime Mortgage Servicer, People Say (Bloomberg.com)
Oct. 2 (Bloomberg) -- Goldman Sachs Group Inc. may buy Litton Loan Servicing LP, the Houston-based servicer of U.S. subprime mortgages, said people with knowledge of the matter.

Radian Tumbles After Deloitte Steps Down as Auditor (Update3) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Shares of Radian Group Inc., the mortgage insurer whose sale to rival MGIC Investment Corp. collapsed last month, fell the most in eight weeks on concern a new auditor may force it to write down asset values.